Mackenzie Financial Corp Purchases Shares of 39,931 Post Holdings, Inc. (NYSE:POST)

Key Points

• Mackenzie Financial Corp has acquired 39,931 shares of Post Holdings, Inc., valued at approximately $4.646 million, resulting in a 0.07% ownership of the company.
• Post Holdings reported earnings of $1.41 per share in its latest quarterly results, exceeding analysts' expectations and showing a 4.53% net margin.
• Several institutional investors, including TD Asset Management Inc and Carnegie Investment Counsel, have increased their stakes in Post Holdings during the first quarter.

Mackenzie Financial Corp purchased a new position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,931 shares of the company's stock, valued at approximately $4,646,000. Mackenzie Financial Corp owned approximately 0.07% of Post at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Post by 68.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after purchasing an additional 143 shares during the period. Millstone Evans Group LLC boosted its holdings in Post by 167.2% in the first quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock worth $42,000 after purchasing an additional 224 shares during the period. True Wealth Design LLC boosted its holdings in Post by 281.2% in the fourth quarter. True Wealth Design LLC now owns 385 shares of the company's stock worth $44,000 after purchasing an additional 284 shares during the period. Bessemer Group Inc. boosted its holdings in Post by 200.0% in the first quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after purchasing an additional 318 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Post by 112.8% in the first quarter. Parallel Advisors LLC now owns 717 shares of the company's stock worth $83,000 after purchasing an additional 380 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.

Insider Buying and Selling at Post

In related news, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $108.97, for a total value of $190,697.50. Following the transaction, the chief executive officer owned 43,751 shares in the company, valued at $4,767,546.47. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William P. Stiritz purchased 186,740 shares of the stock in a transaction dated Thursday, June 5th. The stock was bought at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the purchase, the director owned 4,298,667 shares in the company, valued at $469,027,556.37. The trade was a 4.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.40% of the stock is currently owned by corporate insiders.

Post Stock Performance

Shares of POST stock traded down $0.35 during trading hours on Monday, reaching $105.19. 835,474 shares of the company's stock were exchanged, compared to its average volume of 699,349. Post Holdings, Inc. has a fifty-two week low of $103.33 and a fifty-two week high of $125.84. The stock has a market capitalization of $5.86 billion, a P/E ratio of 18.72 and a beta of 0.49. The business has a fifty day moving average price of $108.93 and a 200-day moving average price of $111.00. The company has a quick ratio of 1.43, a current ratio of 2.13 and a debt-to-equity ratio of 1.81.

Post (NYSE:POST - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.23. Post had a return on equity of 10.24% and a net margin of 4.53%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $1.51 earnings per share. Post's revenue was down 2.3% on a year-over-year basis. Analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Analyst Ratings Changes

POST has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company cut their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Mizuho cut their price objective on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Finally, Piper Sandler lifted their price objective on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.00.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.